If you use more
than one computer it is fairly easy to transfer file
settings from one to the other.
Use Export Files and Import Files on the
File menu to transfer project files (.ini) and
watchlists (.viz) using a removable disk.
September 5, 2002
These extracts from my daily trading diary are
intended to illustrate the techniques used in short-term trading
and should not be interpreted as investment advice. Full terms
and conditions can be found at Terms
of Use .
The Dow signaled more uncertainty, forming an inside day day on
higher volume and closing down 1.7% at 8283. The next support
level is at 8000. The primary cycle trends down.
The Nasdaq Composite Index dropped 3.2%, closing at 1251. The
next major support level is at 1200. The primary trend is down.
The S&P 500 lost 14 points to close at 879. The primary
cycle is in a down-trend.
The Chartcraft NYSE Bullish % Indicator bull
alert signal is at 46% (September 4).
Retail sales slow
Wal-Mart and Target report sluggish August sales as consumers cut
back on discretionary spending. (more)
The All Ordinaries held above the 3047 support level, closing up
18 points at 3066 on strong volume. The primary trend is down.
The MACD (26,12,9) and Slow Stochastic (20,3,3) are below their
respective signal lines. Twiggs money flow signals distribution.
Ridley Corporation [RIC]
This agricultural producer of stock feeds and salt has shown
strong growth over the past year and has made a new high,
breaking out of a 6-month trading range. Relative strength (price
ratio:xao) and MACD are positive, while Twiggs money flow signals
Short-term: Short if there is a clear breach of the 3047 support
level on the All Ordinaries. The Slow Stochastic and MACD are
below their respective signal lines.
Medium-term: Wait for the All Ords to signal a reversal.
Long-term: Wait for a bull-trend on the Nasdaq or S&P 500
Thought for the Day:
catch all the fluctuations.
- Edwin Lefevre
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